XAUUSD Is Possibly Bearish

Technical analysis

The RSI is below level 50.

The Stochastics left the overbought zone and headed downwards to level 50.

Most likely scenario – SELL

Target prices: 1,801.61 1,796.80

Alternative scenario – BUY

Target prices: 1,808.74 1,813.73

Key levels

Support 1,801.61 1,796.80

Resistance 1,808.74 1,813.73